“I’m committed to being here for two years … it will retire me from the NBA, I’m happy to say that today.”

The 33-year-old revealed his contract also includes a 10 per cent share in the club when he retires, with an option to buy up to 50 per cent.

“I want some skin in the game, I want to see how viable this is and see where it’s going,” he said.

“If it goes as well as I think it will there is no reason why I won’t put my own money in as will.”

Bogut said he wanted to play in the NBL while he still had “something left in the tank”.

His recruitment will heap more pressure on coach Gaze, who failed to take the team to the finals in his two seasons in charge and now has Bogut joining two former NBL MVPs in Jerome Randle and Kevin Lisch on his roster.

“I expect to still put up numbers, but I’m here to change this club’s culturally and to change to things that have hurt the club in the past,” Bogut said.

He also committed to the Boomers’ 2019 World Cup and 2020 Olympic campaigns.